Northeast Town Center
$9,100,000
1148 Northeast 36th Street, Oklahoma City, OK 73111
95,787 sqft
Building Size
8.91 acres
Lot Area
Details:
Description:
Northeast Town Center is a 95,787 SF neighborhood retail center located at 1148 NE 36th Street in Oklahoma City, offered at $9,100,000. The property is currently 68% occupied with 16 tenants. The asset generates $691,520 in net operating income, reflecting a 7.60% cap rate. The tenant mix includes national and service-oriented users such as Dollar Tree, Domino’s, Boost Mobile, and the Oklahoma Department of Human Services. The center is positioned along NE 36th Street, a heavily traveled corridor providing consistent traffic and accessibility. The property features a recently updated exterior and a large parking field to support tenant demand. There are two pad site opportunities located at the northeast corner of the property. These pad sites provide potential for additional income through ground-up development or outparcel sales. Several existing leases are below market, providing an opportunity to increase rents over time. The combination of in-place income, vacancy, and development potential positions the asset for both cash flow and value-add execution.
Discover the vibrant neighborhood surrounding the property in Oklahoma City, OK. Just minutes away from popular attractions like the Oklahoma City Zoo, Science Museum Oklahoma, and the Adventure District, this area offers a dynamic environment for retail and street retail investors. Enjoy easy access to a diverse mix of dining, entertainment, and shopping options, all within a growing and thriving community. With its strategic location and proximity to major local landmarks, the property presents an exciting opportunity for those looking to invest in the heart of this bustling area.
Documents:
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| Northeast_Town_Center_OM.pdf |
Location
